Demand has been massive for Apple’s iPhone 7, proving the short sellers and doubters wrong, says TheStreet’s Jim Cramer. The larger iPhone 7 Plus model has sold out in all available colors, while the smaller iPhone 7 has sold out in the new jet black color. Earlier this week, T-Mobile and Sprint said that preorders for the iPhone 7 phones had increased nearly fourfold from the next most popular iPhone and from a year ago. Cramer said he is waiting for the excitement to subside before upgrading his own phone.
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